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King World Doubles Shares, Names Directors

January 20, 1998|Times Wire Services

King World Productions said its shareholders voted to double the number of authorized shares outstanding to 150 million from 75 million and elected two new directors. The share move enables the distributor of syndicated television shows to proceed with a previously declared stock split, payable Feb. 17 to holders of record on Feb. 3. King World said shareholders elected Fredric Rosen, president and chief executive of Ticketmaster Inc., and philanthropist Raymond Chambers to the board. Los Angeles-based King World distributes "The Oprah Winfrey Show," "Jeopardy!" and "Wheel of Fortune." The company will also co-produce and distribute "The Roseanne Show" and "Hollywood Squares," both of which are expected to premiere in September. On Friday, King World shares gained 69 cents to close at $55.06 on the NYSE.

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